Czech retail sales up in Apr, avg. real monthly wages fall in Q1

Retail

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The Czech Republic's retail sales growth accelerated for the second straight month in April, data from the Czech Statistical Office (CZSO) showed on Tuesday.

Retail sales, except motor vehicles and motorcycles, rose a calendar-adjusted 6.2% year-on-year in April, following a 5.7% increase in March.

The recent positive developments in April were largely driven by a 9.2% sales growth in non-food stores, which were closed last year as a result of anti-epidemic measures, the Prague-based statistics agency said.

Retail sales of automotive fuel in specialized stores logged a sharp annual increase of 8.1% and sales of food products grew 1.6%.

Meanwhile, retail sales via mail order houses or via the internet continued to show negative trends, by falling 14.2%. On a monthly basis, retail sales edged up 0.1% at the start of the second quarter.

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